Best Investment Opportunities in Lagos State
Best Investment Opportunities in Lagos State Lagos, Nigeria’s economic powerhouse, is home to over 21 million people, making it one of the fastest-growing cities in the world. This growing population creates many chances for investors in 2024. With improved infrastructure and a vibrant economy, Lagos is becoming popular with local and international investors. Whether you […]
Power
The 2014 KPMG Power in Africa Sector Report stated that Nigeria’s electricity generation is ~3,575 MW, which falls far short of the ~12,800 MW required to meet peak demand. As of 2011, Nigeria, according to the World Bank, ranked amongst the lowest net electricity generating nations with a per capita generation of 149 KWh. Available […]
Real Estate
The Future of Real Estate in Lagos: Trends and Insights Lagos, Nigeria’s commercial hub, is witnessing significant transformations in its real estate sector. The rise of smart homes and technology is enhancing convenience and security, while sustainability is becoming a priority, with developers incorporating eco-friendly features like solar panels and energy-efficient systems. The shift in […]
Agriculture
In Q4 2023, the National Bureau of Statistics reported that the agricultural sector contributed about 25% to Nigeria’s GDP. The International Fund for Agricultural Development (IFAD) found that around 55% of the workforce is employed in agriculture. Additionally, recent data highlights that roughly 35% of post-harvest losses result from inadequate storage and processing facilities. Lagos […]
Medical Diagnostic and Services Scheme
MDSPS is conceptualized to aid medical practitioners and other medical caregivers, in public health facilities at Primary and Secondary Healthcare Institutions, improve patient care and reduce mortality through timely, affordable, qualitative, and precise diagnosis. It is anchored on facilitating the availability of laboratory, diagnostic, imaging, and other investigative services at the lowest level medical facilities […]
Transportation & Logistics
A survey conducted by Royal Haskoning in 2007 revealed that Lagos is a high-demand environment with a massive commuter population in the Central Business District at an estimate of ~2.5 million per day. This sector is dominated by road transport accounting for ~85% of commercial and passenger transportation in Nigeria; and ~90% in Lagos. According […]
Building & Construction
The country’s rapid rate of urbanization, which stands at ~47%, according to United Nations estimates in 2014, is pushing demand for building and construction materials. According to Q4:2014 data from the National Bureau of Statistics, the sector contributed ~3.7% to the rebased Nigerian GDP. Only 18% of the nation’s 197,000 kilometers of Federal roads network […]